Price increase? [posted 06.16.2022]

[Hiline]

I think what’s actually happening is that the MSRP of the car is priced according to how much federal tax credit is available, e.g., the MSRP is increased when the available tax credit is high, then reduced accordingly as the tax credit is phased out, to offset what the buyer can’t recoup

With the rising demand for EVs, there is no reason those companies should reduce their prices, unless they want to terminate their products.

 

[phaheem]

With the rising demand for EVs, there is no reason those companies should reduce their prices, unless they want to terminate their products.

Does that mean Chevy “wants to terminate” the updated and improved Bolt because they reduced its price? Or to increase awareness of their product and price it competitively?

 

[Kasper07]

What happens to M3 LR owners who put a deposit before the price change at the lower price and are still waiting for delivery? Is that price "locked-in" or will they now have to pay the new increase in price?

 

[Hiline]

Does that mean Chevy “wants to terminate” the updated and improved Bolt because they reduced its price? Or to increase awareness of their product and price it competitively?

Oh yeah I forgot that Chevy is owned by GM which no longer qualifies for the federal rebate, so they did need to lower their prices to compete with another cheap EV maker, Nissan with the Leaf.

 

[Hiline]

What happens to M3 LR owners who put a deposit before the price change at the lower price and are still waiting for delivery? Is that price "locked-in" or will they now have to pay the new increase in price?

Nah you're good. BTW, you should join the M3LR waiting room! It's a fun group.

 

[phaheem]

What happens to M3 LR owners who put a deposit before the price change at the lower price and are still waiting for delivery? Is that price "locked-in" or will they now have to pay the new increase in price?

You’ve “locked in” the price of the car at the time you placed your order

 

[Jim165]

By Monday I’ll have about 4200 miles on my M3P in 6 weeks of ownership, with about half being highway trips largely powered by Superchargers. I have also done an Autocross event, and expect to begin doing those somewhat regularly.

Given my use case, and the overall satisfaction I have from the vehicle itself, no way in hell would I consider an I4 M50 for 7-10k more (after the tax rebate) and with an extra 6-9 month delay. The I4 may have a few extra niceties, but I did not appreciate how impressive the Tesla charging network was until I tried and failed on 4 occasions to use other brands’ chargers (I.e all broken, or the one working stall being full despite nobody checking in on PlugShare). Fortunately each case was a “we are going to [venue] so I’ll plug in to this J1772 charger for some extra juice,” so none of the disappointments left me actually searching for power.

Plus, to be frank, I am actually pretty willing to support Elon’s philosophies on EV development and adoption.

If it’s available near you, sign up for a BMW drive event featuring the i4 in autocross. M3LR owner and drove an i4 in an event a couple of weekends ago…mind blowing. You might change your mind. Being a former BMW owner however, reliability would give me pause…

 

[rjpjnk]

Hard to believe the MY is now 16K higher than when I bought last July. I would not buy at this price. I simply could not afford it.
I understand the supply and demand makes sense for Tesla, but I think the new pricing has put these cars out of reach of many people.

If only I bought 2 (or 3)

 

[TomT]

I would have to think really hard before doing it again at today's prices...

 

[Hiline]

Hard to believe the MY is now 16K higher than when I bought last July. I would not buy at this price. I simply could not afford it.
I understand the supply and demand makes sense for Tesla, but I think the new pricing has put these cars out of reach of many people.

If only I bought 2 (or 3)

To be precise, you wouldn't get the MY until next July if you ordered today, so this price is really for a year from now

 

[rjpjnk]

Right! 16K more *and* a 12 month wait. So sad.
We can only hope inflation doesn't continue so that even today's price looks cheap a year from now.

 

[FauxOperator]

For new orders, an M3P is a no brainer.

If it were 5k difference back when I ordered, I would've totally went with the P over the LR, but then again, at current prices I don't know if I would've went with a Model 3 in the first place.

 

[Hiline]

For new orders, an M3P is a no brainer.

If it were 5k difference back when I ordered, I would've totally went with the P over the LR, but then again, at current prices I don't know if I would've went with a Model 3 in the first place.

I don't know if I would pay more for less range. These two trims have their target customers.

 

[threeputts]

If it’s available near you, sign up for a BMW drive event featuring the i4 in autocross. M3LR owner and drove an i4 in an event a couple of weekends ago…mind blowing. You might change your mind. Being a former BMW owner however, reliability would give me pause…

Were the reliability issues you experienced with BMW primarily related the ICE specific parts (engine, transmission, exhaust etc.) or the whole car?

 

[rjpjnk]

I don't know if I would pay more for less range. These two trims have their target customers.

I agree. Same for the MY. The acceleration of the P is nice but I prefer the higher suspension and taller sidewall tires of the LR for Winter weather.

 

[texas_star_TM3]

Right! 16K more *and* a 12 month wait. So sad.
We can only hope inflation doesn't continue so that even today's price looks cheap a year from now.

no worries... once the recession kicks in and the FED cant lower rates to counteract because inflation is still way too high... and companies start lay-offs, houses being foreclosed when that ARM now is 6%+ and no longer 3% ... at that point buying a $66k sub compact electric SUV is no longer a necessity.

 

[Sam1]

I would have to think really hard before doing it again at today's prices...

As long as you have one to trade in, it's not a bad deal because your previous value will (should) also increase

 

[DocHolliday]

Not even a year and my M3P delivered end of 7/2021 costs less than a M3LR now. Crazy times.

I ordered July last year, the price has gone up $6K in a year and the (state) tax credit is less. Not sure I would even consider buying at today's price.

 

[Hiline]

no worries... once the recession kicks in and the FED cant lower rates to counteract because inflation is still way too high... and companies start lay-offs, houses being foreclosed when that ARM now is 6%+ and no longer 3% ... at that point buying a $66k sub compact electric SUV is no longer a necessity.

Tesla has reduced prices before. They certainly can do that again.

 

[Lindenwood]

If it’s available near you, sign up for a BMW drive event featuring the i4 in autocross. M3LR owner and drove an i4 in an event a couple of weekends ago…mind blowing. You might change your mind. Being a former BMW owner however, reliability would give me pause…

Fair enough! Though, while I don’t doubt the I4 M50 from the factory has a more motorsports-capable suspension and brake system, I already have $5k worth of MPP parts sitting in my garage that will certainly even some of that out .